The Board of Directors decided, on 9 January 2009, to submit a proposal to the Board of Governors for the renewal of the term of office of Mr Philippe de Fontaine Vive Curtaz as Vice President and Member of the Management Committee, for a further period of six years commencing on 24 February 2009.

The written procedure inviting the Board of Governors to vote on the proposed renewal was launched on 15 January 2009.

The decision to reappoint Mr de Fontaine Vive Curtaz was taken on 27 January 2009, the date on which the requisite majority of votes was reached. The term of office of Mr de Fontaine Vive Curtaz has therefore been renewed as from 24 February 2009.